India

My inquiry pertains to India only. The answer must relate to Current Indian Tax Laws.
I bought a piece of land about 4 yrs ago and am planning to sell it. I am expecting decent profit on this sale. I want to know about the current capital gains tax rates. I believe there is a provision for lower capital gains tax rates if benefit of indexation is not utilised. I also want to know about where I can invest my capital gain (together with interest rates and lock-in periods) to enable me to save on capital gains tax.

2006-11-08 20:42:58 · 4 answers · asked by jittery 1

I want to know all the things about tds how it should be calculated send me the list of useful web-sites related to this
itz urgent plz help me

2006-11-08 20:20:11 · 8 answers · asked by Indian 2

Dear Sir,
I have just sold some immovable property and would like to learn about my options to save on tax. I have heard that it is possible to invest in some bonds to save on capital gains. What are the available bonds under this scheme and how do I choose among them?
Thank you.

2006-11-08 01:36:44 · 7 answers · asked by Chandra 1

2006-11-08 01:35:12 · 2 answers · asked by TK 1

I work on software projects on contract basis , suppose i earn 6 -8 lakhs a year how much tax do i have to pay ? Supposing I have 1 lakh in investment.

2006-11-07 23:40:53 · 4 answers · asked by ngcoders 1

2006-11-07 22:19:21 · 11 answers · asked by Shekhar 1

I am a software developer. Kindly suggest me some investment options wherein this amount is exempted from taxable income. Also, after investment the income arising out of the same is also relieved from tax (it is **not mandatory** requirement).

I have already invested in PPF and NSC and have taken LIC policies of long terms. I am looking for making investment wherein the amount is not locked for a longer duration and also at the maturity the tax burden should be minmum. I am not interested in making investment to equity market so please dont suggest me MFs which purely invest in equity market. Mutual fund investing in other than equity market yielding moderate rate of returns (somewhere around 10%-12%) would do.

If you have any other suggestion, kindly share it with me so that it helps me in making decisions.

2006-11-07 19:00:22 · 7 answers · asked by girishjjain 2

2006-11-07 02:42:50 · 7 answers · asked by Anonymous

2006-11-06 21:09:12 · 4 answers · asked by Anonymous

up to how many children can you claime on your taxes to get the EIC. I was told up to 2 and then some has told me up to 3. So iam pretty confused..could someone help me out here please. (thanks)

2006-11-06 12:46:39 · 5 answers · asked by froglegs25276 1

2006-11-06 01:23:56 · 9 answers · asked by Anonymous

Are there any special rebates for senior citizens . How would his capital gains be computed. How can he save these taxes

2006-11-05 22:43:13 · 8 answers · asked by vishwas 1

2006-11-05 22:24:14 · 6 answers · asked by Ravindra S 1

what is the last date for filing tax return for 1.4.2006 to 31.3.2007 can this be filed by internet.

2006-11-05 20:21:59 · 5 answers · asked by insiminsi 1

2006-11-05 14:25:56 · 6 answers · asked by pintu 1

2006-11-05 02:14:25 · 2 answers · asked by Pushpa 2

is it required tax clearance certificate for lottery of us$5 lakhs for transfer from china to India? why not china is not deducting tax amount from lottery amount and send the remaining amount transfer to India? after sending amount to china bank, if they fail to send lottery prize, the winner will be suffer is it correct? Is there any way of guarantee of getting prize amount after sending tax amount of US$810 to china Bank.

2006-11-04 20:03:25 · 6 answers · asked by ramakrishna g 1

indian citizen, working out side india and for that work, recieving salary in NRE acc in india. is he liable to pay income tax in india? what if he recieves salary in normal saving account ?

2006-11-04 15:31:53 · 2 answers · asked by mayur s 1

2006-11-04 03:52:04 · 1 answers · asked by ksujathan 1

below 1 lakh rupees i want to do the business . so can you suggest me some of the areas which i can do the business. i belong to chennai, india

2006-11-03 19:22:35 · 6 answers · asked by vejay kumar 1

2006-11-03 05:31:20 · 5 answers · asked by KB 1

what is maharashtra vat tax for narrow woven fabrics

2006-11-03 00:17:06 · 2 answers · asked by Anil B 1

I joined ICFAI Universities MCA course and paid nearly 50 thousand rupees. Will this be eligible for Income tax deduction? Thanks.

2006-11-02 18:18:11 · 3 answers · asked by Muralidhar M 1

I recently sold a house property and earned capital gains. In order to avoid CG tax, I want to invest part of it in the construction of 1st floor in my present house. Is this permissible?

2006-11-02 03:25:02 · 2 answers · asked by Rajagopalan R 1

I am an Indian resident, wanted to know, if I take up a software consultancy job with a US based company what are the tax implications. If I need to work from India for a US firm(which has no office in India) is it legal to carry out this job? If not, what are my options?

2006-11-01 15:05:07 · 3 answers · asked by seno 1

Please explain in detail about this

2006-11-01 12:11:44 · 8 answers · asked by vinutha s 2

If we want to verify the PAN of a person whose name, address and PAN we know, how can we check if that PAN really belongs to that person?

2006-11-01 12:03:44 · 5 answers · asked by kashin 1

2006-10-31 20:24:32 · 7 answers · asked by jason c 1

2006-10-31 00:58:00 · 4 answers · asked by Eldorado-thirst 4 knowledge 1

I am a US citizen beginning to earn rental income on a propert i own in India and going to pay Indian taxes. As I am suppossed to declare all my income, how can I make sure that I am not taxxed twice on the same

2006-10-30 19:20:36 · 2 answers · asked by dot 2